The Influence of the Economic Crisis on China and China-s Response

The global economic crisis aroused by the U.S. sub-loan crisis has had enormous influence on world economic development. Chinese economy has also been seriously affected, and economic growth in 2008 fell substantially. China has adopted a 4 trillion RMB investment plan and the revitalization plan of ten industries to deal with the economic crisis and stimulate economic growth. In the light of China-s economic structure and industrialization stage, the 4 trillion RMB investment plan and the revitalization plan of ten industries will have positive impact on China-s economic development. However, in the long run, we must change the investment-led and second-industry-led economic development model, expand domestic demand, and promote the optimization and upgrading of industrial structure.